Daily Show Make Trump Eight Again
Investing in a business organisation to ensure yous have a stable income seems similar a wise conclusion — until it isn't. Fifty-fifty celebrities who already have a ton of cash tin't exist careless well-nigh choosing investments if they want to stay rich. From restaurants to clothing lines, the opportunities are plentiful, just it takes careful planning to avert embarrassing business organization disasters.
Depending on your age, you lot probably remember these unforgettable celebrity business flops. Call back you can guess who lost the well-nigh? Permit's have a look!
Britney Spears – Nyla Eating house
When Britney Spears opened Nyla Eating place in 2002, the buzz was real. She was in her prime years, and it seemed logical she would invest in a different type of business. Nyla was located in the Dylan Hotel in Manhattan, New York Metropolis.
Her divergence from the business occurred in the same twelvemonth after she butted heads with the management, who claimed she was responsible for the eating place's debt and other financial issues. Fun fact: The eatery was supposed to exist called "Pinky," which was the nickname Justin Timberlake gave Britney when they were dating.
The Kardashians – Kardashian Kard
The Kardashians are definitely business moguls, but non all their business ventures have been a success. Accept the Kardashian Kard, for instance. In 2010, the Kardashians announced a controversial debut of a prepaid debit card featuring the sisters' faces on the forepart. The business failed a calendar month subsequently its launch when the legality of certain fees raised concerns.
An attorney claimed the high fees were unfair and unethical, peculiarly for the Kardashians' largely young developed fanbase. Many reputable websites took note of the "Kardashian Kard ripoff," which prompted the Kardashian family's attorney to take firsthand action and terminate the business to protect their reputation.
Kanye West – Pastelle Clothing Line
Yeezy has had plenty of fashion debuts during his career, and not all of them have been successful — or inspiring. Before his other fashion lines, at that place was Pastelle, the debut that never saw a debut. In 2006, Kanye planned to release his Pastelle clothing line in collaboration with Adidas.
In short, a lot of drama happened, and according to reports, the investors didn't desire to invest a sufficient amount of money to go the concern off the basis. Kanye himself said y'all need to invest at least $100 million when y'all're making a new brand, and it clearly didn't happen.
Donald Trump – Trump Shuttle
Number 45 is a known businessman, just not many people know nearly his business organisation failures. One of those epic failures was a very ambitious airline. Back in 1988, Donald Trump introduced his ain branded airline shuttle. The luxury shuttle service was supposed to run between Washington D.C., Boston and New York.
Red carpets, golden and other luxury elements cost Trump $1 million per aircraft. Three months afterward the launch, one of his planes about crashed. The near miss, rising fuel prices and a bank loan of $380 one thousand thousand made Trump decide it was time to leave his aviation dreams behind and effort something else.
Paris Hilton – Dollhouse Collection
Information technology has been proven plenty of times that Paris Hilton knows what she's doing when it comes to business. The Hilton heir has made quite a name for herself, merely non every idea resulted in cash in the bank. In 2008, Paris Hilton for Dollhouse was released.
It was a collaboration between Hilton and the pop clothing label, and absolutely everyone was buzzing about it. The collection basically had Paris' face up and proper name on almost every commodity of clothing. Unfortunately, the glory didn't last long, and Paris moved on to other business ventures that garnered more appeal.
Oprah Winfrey – Own
In 2011, Oprah was the talk of the town when she decided to operate a cable aqueduct attainable to lxxx meg homes. The Oprah Winfrey Network (Ain) was an aggressive idea, with more than $500 one thousand thousand invested in the project. Unfortunately, her squad failed from the kickoff to sympathize what people responded to and how they watched cable channels. Depression ratings and viewership striking the network hard.
Own was arguably Oprah'southward biggest failure, but unlike other celebrities on our list, Oprah still hasn't completely given up on her business venture. Who knows? Maybe Ain is finally on rail to pull itself out of some dark days.
Jennifer Lopez – Madre's Restaurant
Celebrities take a thing for restaurants, but not all restaurants take a thing for celebs. Madre's was inspired by J.Lo's mom and grandmother'due south cooking, and it started its bumpy journey in 2002 in Pasadena, California. In her own words, she described information technology as "a family eating place with a trivial bit of sexiness to it."
It lasted virtually six years before mysteriously closing its doors in 2008. The Latin American eating place featured some of the civilisation'south most typical dishes, but J.Lo'southward name wasn't plenty to entice the public. No official reason was always given for the decision to close information technology down, only the assumption is poor performance.
Naomi Campbell & Friends – The Fashion Cafe
In her prime number (mid-1990s), Naomi Campbell decided it was time to enjoy some passive income in the grade of business ventures. In 1995, she became the face of a glamour-themed cafe chain chosen Fashion Café along with Christy Turlington, Elle Macpherson and Claudia Schiffer.
It had a solid showtime and good buzz, merely the novelty eventually faded, and it failed to make the necessary profit to stay open. To pinnacle it all off, the business partners got involved in a money laundering scandal, making information technology clear that it was better for this buffet concatenation to close its doors for good.
Steven Spielberg – Dive Restaurant
Steven Spielberg's mind seems to overflow with amazing ideas, simply Swoop Restaurant wasn't i of them. In 1994, he decided to open a nautical-themed restaurant in Beverly Hills. The place was filled with impressive swoop-themed decor and even featured a simulated diving session experience.
That still wasn't enough to amuse the demanding Beverly Hills oversupply, and the novelty of it started to article of clothing off, resulting in dismal trade sales, which were a huge selling bespeak for the business concern. In 1999, the restaurant officially shut its doors and became a learning lesson for what not to do in the niche of themed restaurants.
Hulk Hogan – Pastamania Eating place
When Hulkmania was at its meridian, Hulk Hogan decided to introduce Minneapolis' Mall of America to the ultimate Hulk eating experience. Who wouldn't want to exist strong and tough like Blob Hogan, right? Although it definitely seemed like a solid business investment idea back in 1995, information technology didn't work out in the end.
The carte wasn't that different from your standard pasta eating house menu, apart from the fact that it was branded by everyone's favorite wrestling guy. The eating place shut its doors nearly a year later, allowing the Pastamania proper name to be used by a fast food chain from Singapore.
Donald Trump – Trump Mortgage
The Trump Shuttle wasn't the only Trump business venture that failed to turn a profit dorsum in the day. With his focus on real estate, it'southward not surprising he tried to dip into the mortgage business. The success of this venture was very short lived.
Most of the Trump Mortgage failure came downwardly to poor timing, every bit the 2006 recession struck, and the mortgage lending industry began to crumble with the market crash. Everything was questioned, including the CEO'due south background. In 2007, Trump Mortgage officially airtight down after failing to thrive in the struggling market.
Pete Wentz – Angels & Kings
In 2007, Pete Wentz, a popular member of Fall Out Boy, and several other musicians decided it was fourth dimension to open up a nightclub. Wentz claimed he just wanted a place for him and his friends to hang out. Later, the society launched in several other locations, including Chicago.
The hype of the celebrity-owned nightclub died downwards after it was reported that the New York location got caught serving alcohol to minors and had to close downwardly in 2012. A few years later, they also airtight the Chicago location — and that was the cease of the Fall Out Boy nightclub.
Jim McMahon – McMahon'due south Steakhouse
Ex-Chicago Carry Jim McMahon made a proper name for himself in the NFL in the '90s and also thought he could brand a name for himself past investing in a restaurant — a steakhouse in Chicago. Unfortunately, McMahon got into business with some pretty questionable characters whose reputation wasn't pristine among those in the banking concern loan world.
The eating place was start called Chicago Stadium, simply the owners of the Chicago Stadium quickly sued McMahon and his other business partners. According to reports, the restaurant participated in some shady business practices, and McMahon had to altitude himself from it.
Eva Longoria – Beso Restaurant and Nightclub
Eva Longoria is no stranger to the culinary scene — remember her role as a guest approximate on season four of MasterChef? In 2008, she backed a Los Angeles eating house called Beso. The place was a hot spot for quite some time earlier endmost its doors in 2011 amongst a ton of drama.
The business filed for bankruptcy in order to restructure $v.7 million worth of debt, and Longoria has reportedly been involved in several lawsuits. Beso later relaunched under new ownership (without Longoria) and with a new name, Viva Hollywood, but that restaurant somewhen closed equally well.
Jay-Z – J-Hotels
The earth'south first billionaire rapper is no stranger to successful business organisation ventures, but the idea that "the sky is the limit" definitely doesn't apply here. Jay-Z definitely reached a limit with his investment in J-Hotels. The luxury hotel was supposed to open in Manhattan's Chelsea surface area, merely lack of funding and a recession halted the construction.
The recession going on at the time basically fabricated it harder to get the funding needed, and the whole business concern project was put on hold in 2008. It looks like it never resumed, probably because Jay-Z became interested in plenty of other appealing ventures.
Natalie Portman – Té Casan
Let'southward take a pause from restaurants and hotels for a while and go to 2008, which really seemed to exist a prime time for celebrity business investments and hotels. Natalie Portman was ahead of her time when she collaborated with Té Casan to create a vegan shoe line.
Equally a long-term vegan, she felt the need to invest in something she believes in, and she felt a shoe line was definitely the fashion to go. Unfortunately, the high cost of the shoes didn't exactly appeal to consumers — not even diehard vegans — and the shoe line's website disappeared past the end of 2008.
Jermaine Dupri – Café Dupri
Jermaine Dupri rose to popularity in the '90s. From forming the iconic Kris Kross to producing music for all your favorite celebrities, Dupri was definitely at the top of his game. In 2005, he decided to try other business ventures and invested in a large café in Atlanta that seated 105 guests.
The carte consisted of high-quality dishes that were also considered healthy. Although it seemed like a decent idea and the cafe had large expansion dreams, the success didn't terminal. Three years later, Buffet Dupri had to close its doors afterwards struggling to make enough profit.
Beyonce – Business firm of Deréon
That's right — Queen B has experienced many failures along with her success. Sounding like a house out of Game of Thrones, House of Deréon was a style line Beyonce collaborated with her female parent, Tina Knowles, to create in 2006. The proper name paid tribute to Beyonce's maternal grandmother.
The style mixed the influences of hip hop with high mode, and although it seemed similar information technology was taking off at beginning, it was ultimately criticized for its high prices. In 2008, the line as well came nether fire for its ad with little girls wearing full makeup and high heels. The star discontinued the line in 2012 without formal detect.
Lily Allen – Lucy in Disguise
Lily Allen also tried to dabble in the fashion earth. The eccentric vocalizer is known for her fashion sense, so information technology seemed only fair to see if the rest of the world (or at least London) would catch on to her look. She opened Lucy in Disguise, a vintage clothing store, with her sis in 2010.
The store's location was one of the reasons for its failure — London'south Covent Garden. High real estate prices forced the company to move to a somewhat cheaper property in Soho, only it wasn't enough to save the business concern, and it ceased operations in 2012.
Neil Young – PonoPlayer
PonoPlayer was a fairly modern business venture launched by Neil Immature in 2014. Information technology was actually successfully crowdfunded via the popular platform Kickstarter, where it raised $6.2 one thousand thousand. The device was advertised as a mod-day iPod with how-do-you-do-resolution music service, but it was criticized for its poor design and loftier toll tag ($400).
3 years afterward, Neil Young ceased operations and closed the PonoMusic store, which sold downloadable music. The reason? Tape companies were charging likewise much for hello-res music formats, and the concern couldn't make a profit, despite the steep price of PonoPlayer and its initial funds.
Sylvester Stallone, Arnold Schwarzenegger & Bruce Willis – Planet Hollywood
Planet Hollywood was a '90s sensation and boasted more than 100 locations. Stallone, Schwarzenegger and Willis were its investors and the faces promoting the brand. The initial hype of eating among popular moving-picture show props attracted endorsements from some of the biggest Hollywood names, simply it wasn't all sunshine and rainbows.
The business filed for bankruptcy twice and reduced its number of restaurants to less than a dozen to ensure it could financially sustain itself and make a profit. This prompted investors similar Arnold Schwarzenegger to move on and cut ties with the concern. Planet Hollywood is still around only with much less hype and fewer restaurants.
Kevin Costner – The Clubhouse
Themed restaurants were extremely popular investments for celebrities, and Kevin Costner was in on the idea too. In 1997, he dabbled in the nutrient industry in an endeavour to make more than money, of course. The theme of The Clubhouse was golf, and different many other celebrity restaurants, it managed to last a surprisingly long fourth dimension.
Based in Costa Mesa, California, it featured the exclusive wait and way of a golf clubhouse that was open up to the public. Ironically, information technology opened right across from Planet Hollywood, which was closing at the time. The business began to fail in 2007.
Curt Schilling – 38 Studios
A unique business venture for its time, 38 Studios was the brainchild of Curt Schilling, who had a unlike vision than most sports celebrities. The sometime Red Sox bullpen wanted to try something new, so he launched a video game business in 2006. Unfortunately, game development takes years, and that was difficult to sell to investors.
The visitor released an action role-playing game chosen Kingdoms of Amalur: Reckoning. Unfortunately for Schilling, the gaming visitor declared bankruptcy in 2012 afterward only releasing a single game. Despite the business' failure, the game was pretty well received by the gaming community.
Pharrell Williams – Qream Liqueur
Pharrell Williams e'er had large visions and a adept ear for music, but in 2011, the pop producer ventured into the world of liqueur with much less impressive results. He worked with Diageo to launch Qream strawberry and peach liqueurs, specifically marketed to women.
Williams blamed Diageo for insufficient marketing efforts to launch the liqueur, and he sued the company in 2013 after it appeared to abandon the deal before the contract was over. The drink wasn't marketed effectively, and the Qream dream died with minimal fanfare.
Flavor Flav – Flavour Flav'southward Chicken & Ribs
Who doesn't know Flavor Flav? In 2011, the popular rapper decided to combine his dear of fast food with business by opening a eating place in Clinton, Iowa. Although it sounds yummy, the business organisation really didn't last that long. In fact, it's ane of the shortest examples of business failure on the list — three months.
The eating place closed its doors due to a fallout between Flavor Flav and his business partner, Nick Cimino. The two clashed over operations and coin management, leading Flav to decide that fast food really wasn't for him afterward all — at to the lowest degree when it came to running a business.
50 Cent – Magic Stick Condom
Magic Stick was fifty Cent's endeavour at a unique business venture — in condoms. Yeah, y'all read that right. In 2008, the rapper created a line of condoms, just he plain failed to understand the reason behind condoms in the first place. His company's condoms were laced with chemicals designed to increment the wearer's sexual operation.
The rapper was asked virtually his failed business venture, and he said, "It but didn't work out because I wanted things in it that wouldn't piece of work." P.S.: "Candy Store" lyrics were written way before the Magic Stick line was launched.
Blake Lively – Preserve
Blake Lively is known for the awesome humour she shares with her fifty-fifty more awesome husband. In 2014, she decided to launch a lifestyle website. The timing was perfect, as celebrity lifestyle websites were at their meridian, only Lively wasn't a big enough lifestyle figure to attract much involvement.
Celebrity product endorsements are ofttimes too expensive for the general public and tin as well feel faux, which raises concerns when it comes to trust. The website was abandoned about a year later, and her lifestyle venture was never mentioned once more. That's okay, she's withal owning the Instagram game.
Heidi Montag – Heidiwood
Welcome to Heidiwood, a fashion line that failed to connect with its customers and make sufficient turn a profit. It belonged to Heidi Montag, a popular reality goggle box graphic symbol who wanted to be known for more than than only her dramatic Idiot box roles. She launched Heidiwood in 2007 in collaboration with Anchor Bluish Retail.
Although the line looked promising, customers didn't really care for the overpriced items, and her contract wasn't renewed the following twelvemonth. She returned to reality TV and is even so a prominent figure in the glory gossip world, and then she bounced dorsum financially from the failed venture.
Nicky Hilton – Nicky O Hotels
Paris Hilton wasn't the only Hilton making money moves. Back in the twenty-four hour period, her sis Nicky Hilton wanted to stay true to her family unit legacy and open a hotel chain of her ain. Nicky O Hotels was a premier luxury hotel make, ready to launch in Miami and later Chicago.
Hilton planned to work with Roberto Cavalli to design a luxurious penthouse suite for the Miami location. Her appetite was to combine the earth of entertainment with luxury and pattern. However, the project failed to see the light of day afterward a lawsuit against Hilton highlighted an alleged breach of contract.
Jennifer Lopez – Sweetface
Making the list again, J.Lo's high-end Sweetface vesture line was notwithstanding another failure in the celebrity manner globe. Attempting to combine urban streetwear with modern fashion, the line failed to deliver anything unique that couldn't exist plant for a cheaper toll in a store down the street — according to shoppers' feedback.
Customers complained virtually high prices besides as the quality of the clothes. Negative feedback and poor sales forced Kohl's to completely stop the line'south production in 2009. Fun fact: Sweetface was J.Lo's nickname, given to her by her sometime manager.
Source: https://www.consumersearch.com/technology/celebrity-business-disasters-donald-trump?utm_content=params%3Ao%3D740007%26ad%3DdirN%26qo%3DserpIndex
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